Wealth Enhancement Advisory Services LLC Sells 1,689 Shares of Graphic Packaging Holding Company $GPK

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,968 shares of the industrial products company’s stock after selling 1,689 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Graphic Packaging were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Graphic Packaging by 1,004.9% during the first quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company’s stock valued at $239,888,000 after purchasing an additional 8,404,340 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Graphic Packaging by 11.7% in the 1st quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company’s stock worth $479,962,000 after purchasing an additional 1,932,841 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Graphic Packaging by 11,000.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock valued at $33,743,000 after purchasing an additional 1,288,096 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Graphic Packaging by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock valued at $204,844,000 after acquiring an additional 1,018,017 shares during the period. Finally, Swedbank AB bought a new stake in Graphic Packaging in the first quarter worth about $25,960,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the sale, the executive vice president owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip R. Martens sold 7,015 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the transaction, the director owned 26,811 shares of the company’s stock, valued at approximately $584,479.80. The trade was a 20.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,752 shares of company stock worth $2,073,663. 1.41% of the stock is owned by company insiders.

Graphic Packaging Stock Down 1.5%

GPK opened at $19.08 on Tuesday. The company has a fifty day moving average of $21.28 and a two-hundred day moving average of $22.50. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 6.58 and a beta of 0.74. Graphic Packaging Holding Company has a fifty-two week low of $18.92 and a fifty-two week high of $30.70. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, research analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging’s dividend payout ratio is presently 24.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America dropped their price objective on Graphic Packaging from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company cut their price target on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Graphic Packaging in a report on Saturday, September 27th. BNP Paribas Exane cut shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Citigroup cut their price objective on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.38.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.